Answered6 years ago

What should I do if my bank transfers for my retirement visa don't show as coming from abroad?

Retirement Visa Transferwise Bank Transfers Income Verification Thai Immigration Visa Extension

Otto *********

asked Feb 16, 2021

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Last week I got an account statement of the Bamgkok bank of my monthly transfer of 65,000 thb, via Transferwise for my retirement visa extension. At immigration they noticed that my last transfers of January and February had a code stating "transfer of another bank". All other transfers had a code of "inter bank transfer via Smart". This caused them to not accept this last transfers and asked me to show the embassy letter of my income.

I repeated two extra transfers in February and they had each one of the codes. So this is likely to cause problems in the future.

Answer summary

The user encountered an issue with their bank transfers for a retirement visa extension, as some transactions were labeled as "transfer of another bank" instead of showing they originated from abroad. This discrepancy led immigration officials to request additional proof of income. Community members suggested obtaining a "credit advice" from the bank to verify the overseas origin of funds and advised using the Transferwise Facebook group for further assistance.

12 repliesnewest first

Click comment and we will ask for your email, then OTP, then name.

Tod *********

and we're done. This isn't a "how can I move money to thailand cheaply" group and the way you get your money here IF you're using monthly income transfer method has to show it came from abroad.

Good Luck one and all. IF you have transferwise questions post on this group

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6 years ago

Tod *********

You need to get a "credit advice" which shows the funds originated from overseas.

POST on that transferwise f/b page and ask, the people on that group are dialed into how to get one from the bank

6 years ago

Bob **********

6 years ago

Tod *********

@Bob *********

That ONLY works IF you use Bangkok Bank and it can still glitch

There many are reports that it's hit or miss with other banks here on whether it codes international or domestic

6 years ago

Tod *********

Totally WILL cause you problems as the transactions need to show as comin' IN to the country from abroad not being transferred from another bank into your account. This is a problem that comes up with people using transferwise.

There IS a solution to it Post on the transferwise group for thailand.

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6 years ago

Wylie *******

@Tod ********

doesn't it only cause a problem if when transferring you fail to select "funds for long term stay" as the reason for the transfer?

6 years ago

Tod *********

@Wylie ******

nope, that isn't fool proof unless you use Bangkok Bank and even then it still will glitch.

The other banks here are hit and miss as far as whether it'll code international or internal

6 years ago

Wylie *******

@Tod ********

thanks. Since the op said they were using Bangkok bank and it was only the last 2 transfers were labeled incorrectly it seems it may be hit or miss with them as well.

6 years ago

Tod *********

@Wylie ******

no, you need to get a credit advice paper from them that shows it originated from overseas when it came in.

Post on the transferwise f/b group, they all know how to get one and will let you know what you do

6 years ago

Wylie *******

@Tod ********

oh, I didn't know that. I guess I'm lucky I managed to open an account with Bangkok bank and it labeled it correctly. Are banks able to re-label them if it shows incorrectly?

6 years ago

John ******

@Tod ********

that’s only valid for extension based on retirement, right ?

6 years ago

Tod *********

@John *****

nope IF you are using monthly income method to meet the proof of funds for your extension and your consulate doesn't issue an embassy notary letter saying you get funds from abroad, you transfer IN to the country every month the required amount

6 years ago